First Trust Global Wind Energy ETF (NYSEARCA:FAN) Share Price Breaks Above Fifty Day Moving Average – What’s Next?

First Trust Global Wind Energy ETF (NYSEARCA:FAN)’s share price crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $22.71 and traded as high as $23.07. First Trust Global Wind Energy ETF shares last traded at $22.99, with a volume of 22,329 shares.

First Trust Global Wind Energy ETF Stock Up 1.5%

The stock’s 50 day moving average price is $22.71 and its 200-day moving average price is $24.05. The stock has a market capitalization of $195.41 million, a PE ratio of 19.71 and a beta of 0.85.

Hedge Funds Weigh In On First Trust Global Wind Energy ETF

Several large investors have recently added to or reduced their stakes in FAN. Western Wealth Management LLC acquired a new position in First Trust Global Wind Energy ETF during the 1st quarter worth $34,000. Allworth Financial LP raised its position in First Trust Global Wind Energy ETF by 361.7% during the second quarter. Allworth Financial LP now owns 1,533 shares of the company’s stock valued at $38,000 after purchasing an additional 1,201 shares in the last quarter. Parallel Advisors LLC acquired a new stake in shares of First Trust Global Wind Energy ETF during the third quarter worth $45,000. Fifth Third Bancorp grew its stake in shares of First Trust Global Wind Energy ETF by 166.4% in the 1st quarter. Fifth Third Bancorp now owns 3,479 shares of the company’s stock worth $86,000 after acquiring an additional 2,173 shares in the last quarter. Finally, Albion Financial Group UT bought a new stake in First Trust Global Wind Energy ETF during the 3rd quarter worth approximately $103,000.

First Trust Global Wind Energy ETF Company Profile

First Trust ISE Global Wind Energy Index Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, of an equity index called the ISE Global Wind Energy Index. The Fund will normally invest at least 90% of its net assets (plus the amount of any borrowings for investment purposes) in common stocks that comprise the Index or in depositary receipts that may include American depositary receipts (ADRs), global depositary receipts (GDRs), European depositary receipts (EDRs) or other depositary receipts (collectively, Depositary Receipts) representing securities in the Index.